Sanford C. Bernstein Reiterates Outperform Rating for Premier Oil PLC (PMO)
Premier Oil PLC (LON:PMO)‘s stock had its “outperform” rating restated by research analysts at Sanford C. Bernstein in a report released on Friday. They currently have a GBX 460 ($7.69) price target on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 37.44% from the company’s current price.
PMO has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Friday. They now have a GBX 495 ($8.27) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Premier Oil PLC in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 359.79 ($6.01).
Shares of Premier Oil PLC (LON:PMO) opened at 342.10 on Friday. Premier Oil PLC has a 1-year low of GBX 267.50 and a 1-year high of GBX 374.10. The stock has a 50-day moving average of GBX 327.2 and a 200-day moving average of GBX 321.7. The company’s market cap is £1.800 billion.
Premier Oil plc (LON:PMO) is an independent exploration and production company with oil and gas interests in the North Sea, South East Asia and in the Middle East, Africa and Pakistan regions.
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